Koninklijke Philips N.V., Right at Home, LLC., BAYADA Home Health Care are Dominating the Global Elderly Care Market in 2019

Elderly Care Market is expected to grow with the CAGR of 7.0% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global Elderly Care Market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.

The major players dealing in Global Elderly Care Market are introducing strong range of service portfolio. Introduction these services by using new technologies helped company to maximize the sales which ultimately helped them to strengthen their business in market.

For instance,

• In January 2019, Philips announced to launch app-based hub under senior caretaking services. The new platform incorporated by the company will enhance the elderly care products range into single digital system for care takers especially designed for family.

Koninklijke Philips N.V.is the dominating player in the elderly care market. The other key players existing in the market includes Right at Home, LLC, Koninklijke Philips N.V, BAYADA Home Health Care, Econ Healthcare Group, Home Instead, Inc., ORPEA GROUPE, St Luke’s Eldercare Ltd., Rosewood Care Group, Medtronic, Interim HealthCare Inc, United Medicare Pte Ltd., Trinity Health, Exceptional Living Centers, Amedisys, Living Assistance Services, Inc., ElderCareCanada, LHC Group, Inc., Encompass Health Corporation, EXTENDICARE. , Prolifico, FC Compassus LLC and others.

Koninklijke Philips N.V.

Koninklijke Philips N.V. headquartered in Amsterdam, the Netherlands which was incorporated in 1891. Philips performs its business from segments such as personal health, diagnosis & treatment, connected care and health informatics, healthtech other. Philips is engaged in improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. The company provides their elderly care services under healthcare consulting category. By taking various initiatives towards the elderly care segment the company is enhancing their business and generating high revenue.

For instance,

• In November 2017, Philips India Ltd has expanded its Healthcarehome services sector which is engaged in providing high quality healthcare facilities and services for home care. The expansion in its homehealthcare services category has increased company’s customer base for non-chronic segment and chronic care segments.

The company has wide global presence across the globe such as Asia-Pacific, Europe, Latin America, North America, Middle East and Africa. In addition to it, the company also generates its revenue from its various subsidiary companies such as Philips AVENT (U.K.), Saeco (U.K.), Magnavox (U.S.), ASM International. (U.K.) , Videoland by RTL (U.K.), and Philips Consumer Lifestyle (U.K.), among others.

Right at Home, LLC

Right at Home, LLC headquartered in Nebraska, U.S. which was founded in 1995. The company offers in-home care services for seniors and disabled adults. The services offered by the company are home care services, special home care situations, care scenarios and home care.

For instance,

• In December 2019, Right at home has received an award "Caring Stars of 2020" as a best service provider across country for elderly care. The recognition has encouraged the company in providing elderly care services for its customers with personalized products.

The company has wide global presence across the globe such as Canada, U.K. China, Ireland, Netherlands, Japan, Australia and U.S.

BAYADA Home Health Care

BAYADA Home Health Care headquartered in New Jersey, U.S. which was founded in 1975. The services offered by the company are home-health care, hospice, home care, pediatrics, habilitation, staffing, physician services, hospital managed services and medication management. The company mainly offers clinical care and support services for homecare settings for children and adults. The company provides different types of products in elderly care such as home-health, hospice and home care.

For instance,

• In August 2019, Bayada Home Health Care Inc. has acquired Visiting Nurse Association Health Group which is a home health provider in order to grow their business in healthcare sector. This integration given the company to get an opportunities to extend home health and hospice care.
• The company has wide global presence across the globe such as Germany, India, Korea, Ireland and U.S. The company has its subsidiaries and they are Premier Staffing Solutions LLC (U.S.), Professional Medical Home Healthcare Inc (U.S.) among others